Quarterly will no doubt show severe shortage of cash.Activity in...

Quarterly will no doubt show severe shortage of cash.

Activity in permits in France , Canterbury, and Canning is far away, and the necessary cash is missing.

To raise capital at the current SP level will be difficult and would involve the issue of gazillions of shares.

Have they tried to get TAP to farm in to the Cebu block? TAP holds the permit next door, has plenty of cash (down from 100 mil to 60 mil though after long series of dusters), and is desperate for a good find.